Ford 2004 Annual Report Download - page 57

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5 5
CONSOLIDATED STATEMENT OF INCOME
Ford Motor Company and Subsidiaries
For the Years Ended December 31, 2004, 2003 and 2002
(in millions, except per share amounts)
2004 2003 2002
Sales and revenues
Automotive sales $ 147,134 $ 138,260 $ 134,120
Financial Services revenues 24,518 26,078 28,138
Total sales and revenues 171,652 164,338 162,258
Costs and expenses
Cost of sales 135,856 129,685 125,027
Selling, administrative and other expenses 23,903 24,394 25,196
Interest expense 7,071 7,643 8,801
Provision for credit and insurance losses 1,212 2,248 3,053
Total costs and expenses 168,042 163,970 162,077
Automotive interest income and other non-operating
income/(expense), net 988 897 974
Automotive equity in net income/(loss)
of affiliated companies 255 74 (91)
Income/(loss) before income taxes 4,853 1,339 1,064
Provision for/(benefit from) income taxes 937 123 342
Income/(loss) before minority interests 3,916 1,216 722
Minority interests in net income/(loss) of subsidiaries 282 314 367
Income/(loss) from continuing operations 3,634 902 355
Income/(loss) from discontinued operations (147) (143) (333)
Cumulative effect of change in accounting principle - (264) (1,002)
Net income/(loss) $ 3,487 $ 495 $ (980)
Income/(loss) attributable to Common and Class B Stock
after Preferred Stock dividends $ 3,487 $ 495 $ (995)
Average number of shares of Common and Class B
stock outstanding 1,830 1,832 1,819
AMOUNTS PER SHARE OF COMMON AND CLASS B STOCK
Basic income/(loss)
Income/(loss) from continuing operations $ 1.99 $ 0.49 $ 0.19
Income/(loss) from discontinued operations (0.08) (0.08) (0.19)
Cumulative effect of change in accounting principle - (0.14) (0.55)
Net income/(loss) $ 1.91 $ 0.27 $ (0.55)
Diluted income/(loss)
Income/(loss) from continuing operations $ 1.80 $ 0.49 $ 0.19
Income/(loss) from discontinued operations (0.07) (0.08) (0.18)
Cumulative effect of change in accounting principle - (0.14) (0.55)
Net income/(loss) $ 1.73 $ 0.27 $ (0.54)
Cash dividends $ 0.40 $ 0.40 $ 0.40
The accompanying notes are part of the financial statements.